WHEN IT COMES TO FILLING UP THE GAS TANK OF HIS CAR, Sophocles Zoullas doesn't like rising oil prices any more than the next guy. But when it comes to running his global shipping business, he could scarcely care less. "We don't pay even $1 for the cost of fueling up our ships," he says. Instead,
Eagle Bulk Shippingegle -4.27892234548336%Eagle Bulk Shipping Inc.U.S.: NasdaqUSD6.04
-0.27-4.27892234548336%
/Date(1481320800319-0600)/
Volume (Delayed 15m)
:
110260
P/E Ratio
N/AMarket Cap
303555157.426434
Dividend Yield
N/ARev. per Employee
120442More quote details and news »egleinYour ValueYour ChangeShort position
asks its customers to handle the fuel costs directly, eating all price increases themselves."Wedon't even see abill," says Zoullas with clear satisfaction.

Bob Staake

That's just one of the innovations that sets the New Yorkbased, worldwide shipping company apart from its rivals. While rivals wring their hands about a shortage of able crew members, Eagle, with a fleet of 21 ships and amarket value of $1.3 billion, has launched a program to train top students of the U.S. Maritime Academy. "It creates a pipeline of junior officers," says Zoullas. "When they graduate, the want to come work for us."

Why don't more investors know about Eagle? That's exactly what longtime shareholder Seth Glickenhaus would like to find out. At the company's annual meeting earlier this year, the grizzled value investor chided the company for not getting its story out.

Eagle may get some more respect this Thursday when it reports second-quarter earnings. The consensus among analysts is 29 cents a share, up 10% despite the global slowdown. A good showing could help the stock (ticker: EGLE), which fell from about 35 inMay to 28. MerrillLynch, for one, recently turned bullish, citing a strong order backlog. Anchor's aweigh!

-- R.G.B.

Coming U.S. Auctions

Day

Yields (%)

When

Last

Issued*

Auction

M

$25.0 bil

3-month

1.695

1.655

$24.0 bil

6-month

1.880

1.845

* As of Friday afternoon.

Monday 4

June personal income is expected to fall by 0.2%, as Treasury mailed out $27.9 billion worth of rebate checks in June, down from May's $47.6 billion, notes Citigroup. June personal spending should rise 0.6%. June's PCE core price index likely rose by 0.2%, according to Credit Suisse, up from 0.1% previously. Factory orders are expected to rise by 0.7%, on a weak dollar.

The Securities and Exchange Commission will hold a roundtable on International Financial Reporting Standards at 1 p.m., at its Washington headquarters.

China Mass Media International Advertising is slated to price 14.4 million shares, at $5.20 to $7.20 each.

Tuesday 5

The Federal Reserve's Open Market Committee is expected to keep the federal-funds rate unchanged at 2%.

The ISM non-manufacturing index is expected to fall to 48.0 in July, down from 48.2 previously.

Rackspace Hosting is scheduled to price 15 million shares at $12 to $16 each. Rhino Resources is set to price 10 million shares between $16 and $18 each.

Friday 8

The Labor Department is set to report second-quarter nonfarm productivity gains of 2.7% and unit-labor costs of 1.5%, according to Credit Suisse estimates. Wholesale inventories are thought to have risen by 0.6%.